# PPP loan: DIXIE ELECTRIC POWER ASSOCIATION
> **$1.98M** approved 05/15/2020 · Paid in Full · Loan `6971627406`
## Borrower
- **Name:** DIXIE ELECTRIC POWER ASSOCIATION
- **Address:** 1863 HIGHWAY 184, LAUREL, MS, 39443-2626
- **NAICS:** 221118
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.98M
- **Initial approval:** $1.98M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Utilities:** $203K
- **Health care:** $482K
- **Jobs reported:** 107
## Lender
- **Originating:** Community Bank of Mississippi
- **Servicing:** Community Bank of Mississippi (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*